Ten stocks kicked off the trading week, boasting strong gains and outpacing an overall sluggish session on the broader market.
During the day, Wall Street’s main indices finished in the green but with lackluster gains, with the Nasdaq rising 0.27 percent, the S&P 500 increasing 0.14 percent, and the Dow Jones up by 0.20 percent.
Meanwhile, the 10 companies in our list boasted between 8 and 17 percent gains amid company-specific developments, while investors began repositioning portfolios ahead of the earnings season.
In this article, let us explore the names of the 10 top performers alongside the reasons behind their gains.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.
10. Hims & Hers Health, Inc. (NYSE:HIMS)
Hims & Hers bounced back by 8.64 percent on Monday to close at $52.03 following announcements that it remains open to working with Novo Nordisk in the future despite the termination of its earlier partnership.
Novo Nordisk, maker of blockbuster drugs Wegovy and Ozempic, terminated its deal with Hims & Hers Health, Inc. (NYSE:HIMS) in June over allegations that the latter failed to adhere to federal laws that prohibit mass sales of compounded drugs under the false guise of “personalization.”
Hims & Hers Health, Inc. (NYSE:HIMS) has been selling knockoff versions of the drugs for years amid strong demand, but was this year ordered by the Food and Drug Administration (FDA) to stop due to a now sufficient supply.
After the termination, Hims & Hers Health, Inc. (NYSE:HIMS) CEO Andrew Dudum said he was upset that Novo Nordisk felt the pressure over the knockoff version, but said that there was “no way in hell we’re going to cave on that.”
Based on its historical reporting dates, Hims & Hers Health, Inc. (NYSE:HIMS) will report its earnings results for the second quarter in the first week of August 2025.
9. Quantum Computing Inc. (NASDAQ:QUBT)
Quantum Computing jumped by 8.66 percent on Monday to close at $18.94 apiece, in line with its peers, as investors repositioned portfolios ahead of the overall market’s entry into the second quarter earnings season.
Quantum Computing Inc. (NASDAQ:QUBT) traded higher alongside its counterparts, namely Rigetti Computing Inc., D-Wave Quantum Inc., and IonQ Inc.
Sentiment was further supported by its inclusion in two Russell indices—the Russell 3000 index and the Russell 2000 index—on June 30, which paved the way for further visibility among institutional investors.
The Russell 3000 Index includes the largest 3,000 US public companies by market capitalization, while the Russell 2000 Index is a subset of the broader Russell 3000 Index limited to small-cap companies. Both indices are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year.
8. QuantumScape Corporation (NYSE:QS)
QuantumScape extended its winning streak to a fifth straight day on Monday, surging 8.88 percent to close at $10.05 apiece as investors continued to gobble up shares ahead of its earnings results.
According to the company, it will release its second quarter financial and operating performance after market close on July 23, 2025, to be followed by a conference call at 5 PM Eastern Time.
Since Wednesday last week, QuantumScape Corporation (NYSE:QS) has started soliciting questions from its shareholders that they would like to be addressed on the call.
Investors will be closely watching out for the company’s business outlook following the passage of the One Big Beautiful Bill Act, and production plans following a milestone achievement through the integration of the advanced Cobra separator process into baseline cell production.
According to QuantumScape Corporation (NYSE:QS), Cobra forms the foundation of its high-throughput, continuous-flow separator production platform. It was designed to enable faster, more energy-efficient production with a smaller equipment footprint compared to earlier processes and represents a step-change improvement in ceramic separator manufacturing.
7. Circle Internet Group (NYSE:CRCL)
Circle Internet rebounded from the previous trading day’s losses on Monday, gaining 9.27 percent to close at $204.7 apiece as investors took heart from this week’s expected passage of three measures that would regulate the framework for digital currencies.
Over the next few days, the House of Representatives is expected to pass three measures, namely the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act, which, if passed into law, could support Circle Internet Group’s (NYSE:CRCL) aggressive expansion into the digital asset sector.
Weeks earlier, Circle Internet Group (NYSE:CRCL) announced the official submission of an application with the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A.
If approved, the bank would be authorized to operate as a fully regulated trust institution and would oversee the management of the USDC stablecoin reserve on behalf of Circle.
6. Pitney Bowes Inc. (NYSE:PBI)
Pitney Bowes Inc. (NYSE:PBI) jumped by 9.9 percent on Monday to close at $12.10 apiece as investors took path from the increase in prices of shipping services that began on Sunday, July 13.
This followed the Postal Service’s notification to the Postal Regulatory Commission (PRC) in May this year that raised domestic shipping services by approximately 6.3 percent for Priority Mail service, 7.1 percent for USPS Ground Advantage, and 7.6 percent for Parcel Select. Prices have not changed for Priority Mail Express service.
According to USPS, the proposed changes will support the Postal Service in creating a revitalized organization capable of providing a nationwide, integrated network for the delivery of mail and packages at least six days a week, in a cost-effective and financially sustainable manner over the long term, just as the U.S. Congress has intended.
Pitney Bowes Inc. (NYSE:PBI), a US-based global shipping and mailing company, is expected to benefit from higher prices for its services.
5. Rocket Lab Corporation (NASDAQ:RKLB)
Rocket Lab saw its share prices increase by 10.71 percent on Monday to close at $43.21 apiece after earning a higher price target from an investment company.
In a market note, Citi raised its price target for Rocket Lab Corporation (NASDAQ:RKLB) to $50 from $33 previously, marking a 15.7 percent upside from its latest closing price. Citi also reaffirmed its “buy” recommendation for its stock.
According to the investment firm, the rating reflected Rocket Lab Corporation’s (NASDAQ:RKLB) progress with its Neutron rocket development, coupled with the growth in its satellite systems business.
Additionally, Citi cited the company’s revenue potential over the next four years, projecting as much as $2.6 billion in revenues driven by 20 Neutron launches, to be supported by additional satellite construction contracts for US government programs.
In other news, Rocket Lab Corporation (NASDAQ:RKLB) announced that it would release the results of its second quarter financial and operating performance on August 7, 2025.
4. TMC the metals company Inc. (NASDAQ:TMC)
TMC saw its share prices rise by 10.81 percent on Monday, closing at $7.28 per share, following a US judge’s ruling in favor of the firm over alleged misrepresentations of its environmental impacts and cash reserves during its 2021 public listing through a special type of company.
In his ruling, Judge Eric R. Committee said that no purported misstatements were sufficiently alleged as false or misleading to support securities fraud claims, nor did the investors adequately submit evidence that TMC the metals company Inc. (NASDAQ:TMC) deceived them.
Last week, investors posted confidence for TMC the metals company Inc. (NASDAQ:TMC), following President Donald Trump’s imposition of 50 percent tariffs on copper imports.
According to Trump, the move was aimed at bolstering US copper production of a metal critical to electric vehicles, military hardware, the power grid, and various consumer goods.
TMC the metals company Inc. (NASDAQ:TMC), which has operations in the US through its subsidiary The Metals Company USA LLC, is set to benefit from the imposition of levies as it would result in reduced competition and strengthen its pricing power for the said metal.
3. Oklo Inc. (NYSE:OKLO)
Oklo extended its winning streak to a fourth consecutive day on Monday, soaring 11.29 percent to close at $62.41 apiece following an investment firm’s higher price target for the company.
Late last week, Daiwa initiated coverage on Oklo Inc. (NYSE:OKLO), giving the latter a “hold” recommendation and a price target of $58. The figure marked a 3-percent upside from its closing price on Friday and supported its further rally in Monday’s session.
Last month, Oklo Inc. (NYSE:OKLO) was tapped by the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska.
Under the terms of the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska, which will serve as the Department of the Air Force’s (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure.
2. NuScale Power Corporation (NYSE:SMR)
NuScale Power jumped by 12.38 percent on Monday to close at $42.12 apiece as investors began repositioning portfolios ahead of its second quarter earnings results.
According to the company, it will announce the results of its second quarter financial and operating performance on August 7, 2025.
The nuclear power technologies sector currently carries an overall optimistic sentiment among investors amid the rosy prospects for their business, supported by the US government’s plans to aggressively expand the energy industry to power the booming AI sector.
In recent news, NuScale Power Corporation (NYSE:SMR) partnered with GSE Solutions for the development of a hydrogen fuel cell generation and storage plant simulation model to support the former’s hydrogen simulator project.
The initiative forms part of the broader research to provide clean water and efficient hydrogen production technologies.
Following the partnership, a single NuScale power module (NPM) coupled with a reverse osmosis desalination system is expected to yield 150 million gallons of clean water daily without generating carbon dioxide.
Twelve NPMs provide desalinated water for a city of 2.3 million residents and electricity for 400,000 homes.
1. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group soared by 17.27 percent on Monday to end at $51.95 apiece following an investment firm’s bullish rating and higher price target for the company.
Over the weekend, Goldman Sachs gave Nebius Group N.V. (NASDAQ:NBIS) a “buy” recommendation with a price target of $68, or a 30.9-percent upside from its latest closing price.
According to Goldman Sachs, the rating was based on the company’s leadership position in the neocloud market—an industry that heavily supports artificial intelligence growth.
Additionally, Goldman Sachs said it expects a 50 percent upside from current levels for Nebius Group N.V. (NASDAQ:NBIS) due to AI’s growing need for specialized GPU infrastructure.
Based on its historical earnings reporting dates, Nebius Group N.V. (NASDAQ:NBIS) is set to release the results of its second quarter financial and operating results on August 1, 2025.
In the first quarter of the year, Nebius Group N.V. (NASDAQ:NBIS) widened its net loss from continuing operations by 41 percent to $113.6 million from $80.5 million in the same period last year.
Revenues, on the other hand, expanded by 385 percent to $55.3 million from $11.4 million year-on-year.
While we acknowledge the potential of NBIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NBIS and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.
